Hwa Kay Thai profits soar
Hwa Kay Thai Holdings has posted a 166 per cent jump in net profit to $33.1 million for the year to March, helped by capital gains from realisation of fixed assets. Turnover dropped to $810.4 million from $843 million in the previous year. Earnings per share rose to 2.3 cents from 1.2 cents. The company will pay a final dividend of one cent a share, with a scrip alternative.